Setting KPIs and measuring performance Once you begin trading, you’re faced with a new challenge – successfully managing the course of your brand-new business and making sure it’s a profitable enterprise. It’s easier to manage your startup’s sales and finances when you have access to the best possible information and data about your performance. Tracking…
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When you start a small business, it’s usually only you or a couple of you behind the whole operation. You wear many hats, from CEO to clean-up crew. In fact you actually wear ten hats but thats for another blog and as you pour your heart and soul into your business and it begins to grow,…
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Making good business decisions is easier to do when you have excellent information at your fingertips – and that’s the value of having great reporting at the heart of your startup. Any cloud accounting software worth its salt will offer you straightforward ways to run your financial reports and track your important metrics. That’s standard…
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Business development is one of the most important areas of focus for any ambitious business. If you want your business to grow, that’s going to mean having a razor-sharp focus on new opportunities and strategies. That could mean exploring new markets, or nurturing new partnerships. It might mean diversifying to create new revenue streams, or…
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Growth brings increased opportunity, but at the same time, increases risk. Poorly managed risk can cause failure, even if the business is growing. So, how do we plan for success in a fast-growing business? There are three fundamentals to successfully scale up your business: having a clear organisation structure, having comprehensive systems and processes –…
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